|Day's range||71,000.00 - 73,000.00|
|52-week range||31,100.00 - 73,000.00|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
SK Hynix Inc still wants an equity stake in Toshiba Corp's chip unit, it said on Wednesday, complicating a bid for the business by a consortium it is part of. Talks with a Japanese government-backed group chosen by Toshiba as a preferred bidder for its chip business have stalled due to what sources say are proposals by SK Hynix that its financing be done via convertible bonds.
Toshiba Corp shares gained Wednesday as the company's complicated sale of its flash memory division took a turn that could see former partner Western Digital emerge as the preferred buyer.
SK Hynix Inc said on Wednesday it does not plan to abandon its aim to gain equity in Toshiba Corp's $18 billion chip unit - an assertion that is likely to lower chances of success for the preferred bidder consortium it is part of. Toshiba's talks with the Japan government-backed consortium chosen as preferred bidder have stalled due to what sources say are proposals by SK Hynix that its financing be done via convertible bonds - a step that would provide it with a path towards an equity interest. Toshiba said on Tuesday it was now also talking with other suitors Western Digital Corp and Foxconn due to the lack of progress in the discussions.